Mattie owns a clock shop featuring vintage clocks from the 1950s. Mattie plans to achieve a 40% maintained markup, and her reductions are planned at 4%. What is her planned initial markup percentage?
A) 42.3%
B) 44%
C) 36%
D) 34.6%
E) 30.6%

Question

Quizplus · Accepted Answer

The relationship between the initial and maintained markup percentages is:
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The initial markup is the retail selling price initially set for the merchandise minus the cost of the merchandise.

Mattie Owns a Clock Shop Featuring Vintage Clocks from the 1950s